Requirements for Continuing FEGLI Life Insurance Coverage into Retirement
Your Basic Life, Option A - Standard, Option B - Additional,
and Option C - Family insurance coverages (depending on what coverage you may
have) are continued into retirement if:
- you retired on an immediate annuity (one which began within a month after
you separated), and
- you were insured for the five years of service immediately before your
annuity commencing date or for the entire period(s) during which the coverages
were available to you, and
- you elected to continue your coverage, and
- you did not convert your life insurance to an individual policy.
Note that under the Federal Employees' Retirement System (FERS), an immediate
annuity includes eligibility for an annuity if you separate at the minimum
retirement age and have 10 years of service. If you meet the requirements above,
you may continue your life insurance coverage as a retiree even if you choose to
postpone receipt of your annuity. If you do choose to postpone receiving your
annuity, your coverage stops until the date your annuity begins. If you want to
continue the coverage you had when you separated, it will resume when your
monthly payments begin, even if you convert your life insurance to an individual
policy upon your separation for retirement.
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Overview - CSRS
